Vasse, WA, 6280, AU

Vasse Estate

Attributes

Land area gross

163.94 ha

Tenure

Freehold

Zoning

Residential, Commercial & Industrial

Asset description

JLL, as exclusive selling agents, are pleased to present to market a freehold 50% JV interest in Vasse Estate, the most prominent estate in regional Western Australia.

Vasse is an award-winning estate situated 230 km south of Perth, which upon completion will be home to approximately 6,500 residents. The estate

contains key amenity including a bustling town centre comprising of a Coles Supermarket, McDonald’s, Shell Express and Vasse Village by Bunbury

Farmers Market; Vasse Primary School and Cape Naturalist College.

Vasse Estate is perfectly positioned between the City of Busselton and world-famous tourism towns, Dunsborough, Yallingup and Margaret River providing immediate access to an abundance of employment opportunities and world-class lifestyle destinations.

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Investment highlights

Investment Highlights:

Freehold 50% JV interest offered in a fully operational master-planned residential estate with 1,500 lots developed and over 1,100* lots to be delivered
Opportunity to undertake the development manager role as well as project manager and project sales functions
Offering comprises approved future residential, commercial and industrial stages, plus additional englobo residential with structure planning underway, and balance rural land, totalling 164 ha of land area
Already thriving Vasse Village town centre anchored by strong trading Coles Supermarket and soon to open Vasse Village by Bunbury Farmers Market
Strong and sustainable population growth projections of 2.1% per annum to 2031
Booming residential market with Vasse and surrounding suburbs, Abbey, Broadwater, West Busselton, Busselton and Yalyalup all achieving average median house price growth of over 10% per annum since 2020
Benefit from the $1.49 billion Wilman Wadandi Highway opening in December 2024, reducing travel time from Perth to Vasse by almost 20 minutes
Only 15 minutes from recently expanded Busselton Margaret River Airport now servicing Sydney, Melbourne and Perth, plus mines operated by Rio Tinto, BHP, Fortescue and Roy Hill
Leverage off Western Australia’s chronic housing shortage with demand generated by current population growth outpacing new supply by a factor of three

All figures stated are approximate only

*Subject to statutory approval

Vasse Estate is offered For Sale via two-stage sale process, with initial Registrations of Interest closing Thursday 12 December 2024 at 2:00pm (AWST)

For further information, or to request access to the data room, please contact the exclusive selling agents below.